Kazakhstan to Limit Power for Crypto Mining to 100 MW Nationwide

Kazakhstan to Limit Power for Crypto Mining to 100 MW Nationwide
Kazakhstan’s Ministry of Energy plans to limit the electricity consumption of the the nation’s crypto-mining industry to a total of 100 megawatts as it looks to curb power shortages.All newly authorized plants will be limited to using just 1 MW over two years, according to an Oct. 1 draft signed by the newly appointed energy minister, Magzum Maratuly Myrzagaliev. The ministerial order doesn’t say if the restriction ends after that period.Kazakhstan has become the second-biggest contributor to the bitcoin network after a crackdown in China that started in May drove out crypto mining companies. It now accounts for 18% of…